Visa Inc. (NYSE:V) Shares Sold by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. lessened its holdings in shares of Visa Inc. (NYSE:V) by 2.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,644 shares of the credit-card processor’s stock after selling 141 shares during the period. Roman Butler Fullerton & Co.’s holdings in Visa were worth $1,560,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in V. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa during the fourth quarter worth about $27,000. Compass Planning Associates Inc acquired a new stake in shares of Visa in the 4th quarter valued at about $32,000. FPC Investment Advisory Inc. grew its stake in Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after buying an additional 83 shares during the last quarter. NewSquare Capital LLC acquired a new position in Visa during the fourth quarter worth approximately $35,000. Finally, Sellwood Investment Partners LLC purchased a new stake in Visa in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

V opened at $357.89 on Wednesday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The stock has a market cap of $660.37 billion, a P/E ratio of 35.97, a P/E/G ratio of 2.39 and a beta of 0.94. The stock’s 50 day simple moving average is $351.22 and its 200 day simple moving average is $338.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. Visa’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.51 earnings per share. As a group, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.66%. Visa’s dividend payout ratio (DPR) is currently 23.72%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on V. UBS Group raised their target price on shares of Visa from $395.00 to $405.00 and gave the stock a “buy” rating in a research report on Wednesday, May 28th. Susquehanna reiterated a “positive” rating on shares of Visa in a research note on Friday, March 21st. Macquarie dropped their price objective on shares of Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Evercore ISI initiated coverage on shares of Visa in a report on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 target price for the company. Finally, Truist Financial began coverage on Visa in a report on Monday, June 2nd. They set a “buy” rating and a $400.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $372.80.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at $185,576.46. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider now owns 26,413 shares of the company’s stock, valued at approximately $9,904,875. This represents a 30.58% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,098 shares of company stock worth $36,738,526. Insiders own 0.13% of the company’s stock.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.